Short Interest in Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) Decreases By 55.2%

Invesco BulletShares 2030 Municipal Bond ETF (NASDAQ:BSMU) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totaling 24,866 shares, a decline of 55.2% from the March 15th total of 55,495 shares. Based on an average trading volume of 36,764 shares, the days-to-cover ratio is presently 0.7 days. Currently, 0.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. NewEdge Advisors LLC purchased a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF during the first quarter valued at about $56,000. Painted Porch Advisors LLC bought a new position in shares of Invesco BulletShares 2030 Municipal Bond ETF in the 3rd quarter worth approximately $85,000. First Command Advisory Services Inc. lifted its stake in shares of Invesco BulletShares 2030 Municipal Bond ETF by 17.4% in the 3rd quarter. First Command Advisory Services Inc. now owns 5,912 shares of the company’s stock valued at $130,000 after purchasing an additional 877 shares during the period. ORG Partners LLC bought a new stake in shares of Invesco BulletShares 2030 Municipal Bond ETF during the third quarter valued at approximately $140,000. Finally, Farther Finance Advisors LLC boosted its position in shares of Invesco BulletShares 2030 Municipal Bond ETF by 409.3% during the third quarter. Farther Finance Advisors LLC now owns 7,980 shares of the company’s stock valued at $175,000 after purchasing an additional 6,413 shares in the last quarter.

Invesco BulletShares 2030 Municipal Bond ETF Price Performance

NASDAQ BSMU opened at $21.97 on Monday. Invesco BulletShares 2030 Municipal Bond ETF has a 1 year low of $20.74 and a 1 year high of $22.31. The business’s 50-day moving average is $22.09 and its 200 day moving average is $22.05.

Invesco BulletShares 2030 Municipal Bond ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, March 27th. Stockholders of record on Monday, March 23rd were paid a dividend of $0.0507 per share. This represents a c) annualized dividend and a dividend yield of 2.8%. This is a boost from Invesco BulletShares 2030 Municipal Bond ETF’s previous monthly dividend of $0.05. The ex-dividend date of this dividend was Monday, March 23rd.

Invesco BulletShares 2030 Municipal Bond ETF Company Profile

The Invesco BulletShares 2030 Municipal Bond ETF (BSMU) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund tracks a market-value-weighted index of investment-grade AMT-Free municipal bonds that mature by the end of 2030. BSMU was launched on Sep 16, 2020 and is managed by Invesco.